Tesla's latest 2021 annual report discloses more business information than revenue and profit, such as two consecutive revenues in China

Tesla's latest 2021 annual report discloses more business information than revenue and profit, such as doubling revenue in China for two consecutive years, and has now reached $13.844 billion, becoming Tesla's second largest market after the United States.

China's importance to Tesla is not only reflected in the provision of a large amount of consumer demand, but also in the sound supply of raw materials and logistics support.

According to Tesla, the increase in the localization rate offsets the additional cost of some raw materials and logistics, helping the gross profit margin of the vehicle rise by 3 percentage points to 29.3%.

However, replacing suppliers is not enough to increase profit margins so dramatically. Following previous software rewrites and reductions in chip usage, Tesla's Shanghai factory more aggressively removed an electronic control unit (originally two) from the bogies of Model 3 and Model Y cars.

CNBC, which was the first to report on the matter, said Tesla employees did not think it was necessary to notify customers to omit the part, which itself is a redundant backup but may affect Tesla's "autopilot function." (He Qianming) #特斯拉2021仍为全球电动车销量冠军 #